IRCTC to share 50% of the convenience fee with government

IRCTC to share 50% of the convenience fee with government

Deepak Gupta | Oct 28, 2021 |

IRCTC to share 50% of the convenience fee with government

IRCTC to share 50% of the convenience fee with government

The Indian Railway Catering and Tourism Corporation (IRCTC) informed stock exchanges on Thursday that it will share half of the proceeds from convenience fees with the government.

IRCTC charges a convenience fee for online bookings, which is one of the company’s key revenue streams, bringing in around Rs 620 crore in FY20.

“In compliance with the Regulation 30 of SEBI Regulations, it is to be informed that the Ministry of Railways has conveyed its decision to share the revenue earned from convenience feel collected by IRTC in the ratio of 50:50 effective November 1, 2021,” the company said in a stock exchange filing.

IRCTC to share 50% of the convenience fee with government

IRCTC to share 50% of the convenience fee with government

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Tags: Finance, IRCTC


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Deepak Gupta
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CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.

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